Investors pile into Hewlett-Packard IT equipment ABS

By Jennifer Kang

16 Sep 2019

Hewlett Packard Enterprise saw its inaugural small ticket equipment securitization oversubscribed by eight times at the end of last week.

The $763m deal is backed by leases and loans secured by IT equipment. A source familiar with the deal said that the 2.83 year ‘D’ tranche was almost 10 times subscribed, and the whole deal drew demand of around eight times for the amount on offer.